Huobi Token(HT)

Marko Kovac said the Terraform Lab founder's extradition proceedings would follow a criminal case for ID document forgery

MELBOURNE, AUSTRALIA, 29th March, 2023, ChainwireBrand Ambassadors Daniel Ricciardo, Scotty James, and McLaren F1 driver Oscar Piastri join event at Melbourne Arts Centre to celebrate ahead of Australian Grand PrixOKX, the second-largest crypto exchange by trading volume and a leading Web3 technology company, today announced that it will open an office in Australia in the coming months.The announcement was made at an exclusive event for Australia's crypto community at the Melbourne Arts Centre, and was attended by OKX Ambassadors Scotty James and Daniel Ricciardo.OKX Ambassadors Daniel Ricciardo (left) Scotty James (right)On 30 March, the Australian Grand Prix commences and will feature the OKX-sponsored McLaren F1 Team car driven by Australian Oscar Piastri and Lando Norris.Haider Rafique, Chief Marketing Officer at OKX, said: "Our ambition is straightforward - to become the leading crypto platform in the world. We see Australia as an indispensable part of this strategy and a key growth market. With such a strong uptake of crypto in Australia already, we're committed to the local market and aim to build a strong local office."Daniel Ricciardo, Australian F1 driver and OKX Ambassador, said: "I'm very excited to see OKX plan an office in my home country. I had a great time celebrating with the OKX team and the crypto community today. The future looks bright for OKX in Australia."Scotty James, Australian Olympic snowboarder and OKX Ambassador, said: "Crypto never sleeps, and OKX continues to build its community. Australia is a special place for crypto, and it is exciting to see OKX announce it will be opening an office in Australia."OKX's commitment to trust and transparency is showcased by its publishing of Proof of Reserves (PoR) on a monthly basis. OKX holds the largest 100% clean reserves among major exchanges at USD$8.9 billion, according to third party data. Reserves and liabilities can be self-verified with trustless tools on the OKX website.OKX CMO Haider Rafique (left) and McLaren F1 Driver Oscar Piastri (right)OKX Ambassadors Scotty James (left), and Daniel Ricciardo (right) pose with OKX CMO Haider Rafique (center)About OKXOKX is a world-leading technology company building the future of Web3. Known as one of the fastest and most reliable crypto trading platforms for investors and professional traders everywhere, OKX’s crypto exchange is the second largest globally by trading volume and is trusted by more than 50 million users.OKX’s leading self-custody solutions include the Web3-compatible OKX Wallet, which allows users greater control of their assets while expanding access to DEXs, NFT marketplaces, DeFi, GameFi and thousands of dApps.OKX partners with a number of the world’s top brands and athletes, including: English Premier League champions Manchester City F.C., McLaren Formula 1, The Tribeca Festival, golfer Ian Poulter, Olympian Scotty James, and F1 driver Daniel Ricciardo.OKX is committed to transparency and security and publishes its Proof of Reserves on a monthly basis.To learn more about OKX, download our app or visit: okx.comDisclaimerThis announcement is provided for informational purposes only. It is not intended to provide any investment, tax, or legal advice, nor should it be considered an offer to purchase, sell, or hold digital assets. Digital assets, including stablecoins, involve a high degree of risk, can fluctuate greatly, and can even become worthless. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific [email protected]

Circle’s APAC Vice President said that the company currently holds 80% of its reserves but would ultimately like to keep all cash with the Fed, in light of the recent banking crisis.

The legislation was one of several laws designed to combat money laundering and terrorist financing, receiving 99 votes in favor, eight votes against, and six abstentions.

The cryptocurrency industry has undoubtedly had a rocky few years. From high-profile scams to market crashes and regulatory hurdles, the industry has faced numerous setbacks that have shaken the confidence of even the most ardent crypto idealists. The "idealist" crypto projects and platforms can help unlock practical value. Adhering to core principles, such as decentralization, user control, and being verifiable, is essential to make a lasting industry impact. Those approaches introduce many new hurdles and challenges, but the following platforms continue innovating and pushing the industry forward - keeping crypto idealism alive. Theta Network (Decentralized Video Streaming) The decentralized video delivery network aims to disrupt the traditional video streaming industry. It uses blockchain technology to create a peer-to-peer network of users sharing video content, reducing the need for centralized servers and cutting costs. Theta Network also rewards users who contribute their computing resources to the network with Theta tokens, which can be used to access premium content and services on the platform. Theta Network has partnered with some of the biggest names in the video streaming industry, including Samsung, Google, and MGM Studios. As a result, it has a growing user base of millions of users worldwide. In addition, the platform's unique approach to video delivery has earned it praise from industry experts, and it has the potential to disrupt the traditional video streaming industry in a significant way. Nimiq (Crypto For Everyone) Nimiq is a decentralized cryptocurrency project that aims to make cryptocurrency accessible to everyone through a user-friendly and easy-to-use platform. A crucial boon of Nimiq is its focus on usability and accessibility, which makes it ideal for new users looking to enter the cryptocurrency world. That approach has given birth to various tools and infrastructure solutions to enable mass cryptocurrency adoption. A core benefit of Nimiq is its fast transaction times. Nimiq uses a unique consensus algorithm called Albatross, which allows for near-instant transactions. That is a significant advantage compared to other cryptocurrencies, which may take several minutes or even hours to confirm transactions. In essence, Nimiq is a decentralized payment solution with a native blockchain. Its team aims to usher in a global monetary system without intermediaries. In addition, its solution is non-discriminatory, secure, cheap, eco-friendly, and collaborative. It also removes concerns over market volatility, technical expertise requirements, and clunky interfaces. Cardano (Blockchain Infrastructure) Another platform that crypto idealists should keep their eye on is Cardano. Founded by Charles Hoskinson, one of the original co-founders of Ethereum, Cardano aims to create a more sustainable and scalable blockchain platform than its predecessors. Unlike other blockchain platforms that use proof-of-work algorithms to verify transactions, Cardano uses a more energy-efficient and scalable proof-of-stake consensus mechanism. Cardano also aims to provide greater security and transparency than other blockchain platforms by separating its transaction validation and computation processes into two separate layers. This approach allows for greater flexibility and efficiency and makes it easier to update the platform over time. Cardano's commitment to sustainability, scalability, and security has earned it a loyal following among crypto enthusiasts, and it has already established partnerships with several major companies and organizations. Lens Protocol (Decentralized Social Media) Lens Protocol is a decentralized platform built on the Polygon blockchain that allows users to create, trade, and manage synthetic assets. These synthetic assets are created by mirroring the value of other assets, such as commodities, stocks, and fiat currencies. It allows users to gain exposure to the underlying asset without owning it. The Lens Protocol platform is powered by smart contracts that ensure the accuracy and transparency of each transaction. Users can create synthetic assets or invest in existing ones called lenses. Each lens is backed by collateral, which is held in a smart contract, and the underlying asset's value determines its value. When a user invests in a lens, they receive a corresponding amount of synthetic tokens, which can be traded or redeemed for the underlying asset at any time. The Lens Protocol platform also includes a governance system that allows users to vote on proposals related to the platform's development and management. That gives users a say in how the platform operates and ensures it remains community-driven and decentralized. Overall, Lens Protocol provides a flexible and efficient way for users to gain exposure to a wide range of assets while leveraging the security and speed of the Polygon blockchain. To conclude, there is still a lot of activity in the cryptocurrency and blockchain space. While the overarching market momentum may remain volatile, builders put their best foot forward to unlock a brighter future. The projects outlined above showcase the building blocks users can experiment with today and in the future. Moreover, the varied approach by developers to explore different concepts - video streaming, social media, and making crypto more accessible - confirms the evolution of overall infrastructure. There is much more potential to unlock in the industry, as a decentralized web is inevitable at this point. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

XRP led gains in major tokens on positive sentiment, but might face a sell-off in coming days.

London, UK, 29th March, 2023, ChainwireMetacade, one of the most exciting GameFi ventures of 2023, has now raised over $14.7m as the presale goes into its final hours. With over 90% sold, the project expects to sell out ahead of their scheduled closing time, set for Friday 31st March at 23:59 Pacific Time.Metacade's CEO, Russell Bennett, commented: “We are rocketing towards the finish line and think we may even get there ahead of time, the support from the community has been fantastic and we’re delighted with our success so far. Although the work has only just begun for us, and now is time to prove what we can really do by overdelivering on our roadmap and other fronts!”Metacade tokens can be purchased until they sell out or until March 31st, whichever is sooner. Users can participate in the final stage presale here.The announcement of their impressive fundraising milestone follows a string of positive developments presented in a live 3 part ‘Metaseries’ by Metacade CEO Russell Bennet. This included a product walkthrough, highlighting the progress they have made so far, as well as a detailed overview of their staking plan and listing plans. The Metaseries can be viewed on their YouTube Streams channel here.Following on from the presale closing, Metacade will list their MCADE token on Uniwsap on the 6th April, and then BitMart on the week ending 16th April, with several more exchange partnerships following shortly after.As one of the first community-driven arcades in the blockchain arena, Metacade will offer a plethora of play-to-earn (P2E) games that will incentivize players with the native MCADE token based on their achievements. This a highly appealing option for those looking to explore the exciting world of community-driven arcades.Metacade's earning mechanism has been tailor-made to appeal to a wide range of blockchain enthusiasts, with the platform striving to become the go-to hub for Web3 users.The Metacade whitepaper highlights a number of noteworthy features, but one that particularly stands out is its innovative Metagrants program. Operating via a voting system, the program allows members of the Metacade community to propose and vote on projects that they deem worthy of funding. Once a project has been approved for funding, the developer receives a grant from the Metacade treasury, which they can use to develop their game.One of the key advantages of the Metagrants program is that it fosters the growth of the blockchain gaming industry by providing financial support to promising new projects for up-and-coming blockchain game developers.The Metagrants program operates in an innovative way that allows developers to submit funding applications to support the design and creation of the next generation of GameFi titles. Once submitted, these are then assessed by the Metacade community, where MCADE holders can cast their votes in support of their favorite proposals. The most popular ideas are awarded with crypto investments to support the game production process, with the first Metagrant game set to debut on the platform in Q1 of 2024.Metacade tokens can be purchased until they sell out or until March 31st, whichever is sooner. Users can participate in the final stage presale here.About MetacadeMetacade aims to become the go-to hub for gaming within the metaverse. As the first community arcade in the Web3 space, it provides a platform for gamers to socialize, share their gaming expertise, and play exclusive P2E games. By offering various income-generating opportunities and career-building pathways within the Web3 ecosystem, Metacade looks set to become an important hub for the gaming community to connect and engage with like-minded enthusiasts.Putting Metacade on par with other projects like The Sandbox, Polygon, and Axie Infinity, the highly anticipated P2E platform has earned approval from CertiK, a top-tier blockchain auditor, which gives investors peace of mind that the project's code and specifications have been reviewed and that the Metacade team has passed the KYC process, instilling confidence in the project's legitimacy.The overwhelming enthusiasm surrounding Metacade's presale is indicative of its potential to become the go-to GameFi hub for P2E gamers alongside a wide range of other use cases.Website| Whitepaper | Metacade SocialsContactCEORussell [email protected]

The service is currently available in the U.S., UK, EU, Brazil and the Philippines, but Zebedee plans on expanding the service to accommodate “all countries and currencies across the world.”

The crypto industry is evolving at an unprecedented pace, and many emerging cryptocurrencies are challenging industry giants like Binance (BNB) and Ripple (XRP). One of the newest, and most promising blockchain platforms is Orbeon Protocol (ORBN). Orbeon Protocol (ORBN) is changing the game in the fundraising industry, and has caught the attention of many investors […]

The eighth episode of Cointelegraph’s Crypto Trading Secrets podcast welcomed trader and investor Chris Dunn for an interview.

The crypto industry is now seeing a considerable increase. While Ethereum (ETH) and EOS (EOS) are two unique tokens right now, analysts are more enamored by Orbeon Protocol (ORBN). This Stage 12 presale project has the potential to become a fan-favorite platform for millions of investors! Below, we'll examine each of these coins in more detail and see how they stack up against one another. Let's begin! >>BUY ORBEON TOKENS HERE>BUY ORBEON TOKENS HERE<< EOS (EOS) Now that the EVM is almost operational, some fascinating projects will start debuting on EOS (EOS). Cross-chain swaps will be added to the EOS (EOS) EVM thanks to the cooperation that the EOS (EOS) and Multichain revealed earlier this week. Currently, EOS (EOS) has a value of $1.12, a fall of 1% in the last day alone. Furthermore, the trading volume for EOS (EOS) has also taken a hit as it has decreased by 19% and sits at $99,743,515. With EOS (EOS) currently displaying a bearish sentiment, it could see a short-term price fall. However, bullish analysts believe EOS (EOS) will likely rise to $1.84 as soon as its technical indicators and moving averages show green. Find Out More About The Orbeon Protocol Presale Website: https://orbeonprotocol.com/ Presale: https://presale.orbeonprotocol.com/register Telegram: https://t.me/OrbeonProtocol Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

ERC20 tokens are tokens built on the Ethereum blockchain and are standardized to ensure they are compatible with the Ethereum network. This means they can be easily integrated with other Ethereum-based applications, making them highly versatile and easy to use. But why do so many projects choose to release their tokens on the Ethereum blockchain? Well, Ethereum is one of the most popular blockchain platforms in the world, offering developers a wide range of benefits. For starters, it allows for creating smart contracts, self-executing contracts that can automate complex business processes. Additionally, Ethereum has a large and active developer community, so new tools and features are constantly added to the platform. If you're looking to invest in ERC20 tokens in 2023, then you'll want to keep an eye on some of the top projects in the space. In this article, we'll take a look at the top 8 ERC20 tokens to invest in this year. From DigiToads to Calvaria, each of these projects has something unique and is definitely worth considering for your portfolio. 1. DigiToads DigiToads is a new play-to-earn token with a toad-themed ecosystem designed to increase the passive income-earning potential of token holders. Developing a Web3 game where players can purchase, collect, and train toad NFTs as pets is one of the most exciting aspects of DigiToads. These toads can be used in battle and to climb the leaderboard rankings in exchange for the game's native currency, TOADS. At the end of each gaming season, half of the total prize pool, collected from in-game item sales, is distributed proportionally to the top 25 percent of players. Even if players don't finish in the top 25%, they still get 10% of the total prize pool. Additionally, 2% of each TOADS sale is dedicated to the staking pool, implying that players who stake their NFTs are eligible for large payouts. Notably, DigiToads are automatically burned at a rate of 2% of all TOADS transactions, resulting in a decreasing supply and increased potential for long-term appreciation for those who hold it. DigiToads presale has already raised over $340K in two weeks, so the project is truly about to make a revolution in the blockchain gaming industry. For More Information on DigiToads: Visit The Website: https://digitoads.world Join The Community: Linktr.ee/digitoads 2. ApeCoin ApeCoin is a relatively new ERC20 token developed by Yuga Labs, the creator of the Bored Ape Yacht Club and Mutant Ape Yacht Club non-fungible token (NFT) collections. APE is a governance and utility token used as the primary token in Web3 for art, gaming, entertainment, and events. Bored Apes, a collection of 10,000 unique digital artworks, has become a trademark of ApeCoin. ApeCoin is a decentralized autonomous organization (DAO) whose governance and management are handled by token holders. Therefore, all ApeCoin holders have the opportunity to join the ApeCoin DAO and have a say in how the Ecosystem Fund is distributed, as well as other governance rules, projects, and partnerships. The Ape Improvement Proposal (AIP) Process provides a methodical framework for community members to submit proposals in one of three broad categories: Core, Process, or Informational. 3. Decentraland Decentraland is a widely used metaverse platform that allows for digital advertising for blockchain-friendly brands and play-to-earn crypto games like ICE poker, virtual concerts, and more. Users can buy, sell, and manage virtual reality applications on this platform, encouraging more developers and operators to join the project's global network. The platform's original token, MANA, can be used to purchase LAND. LAND is a non-fungible digital asset stored in an Ethereum smart contract. The MANA currency serves many purposes beyond just facilitating avatar comparisons. In this online environment, users can buy land to construct, explore, and run their own businesses. 4. Uniswap Uniswap is an Ethereum-based protocol for executing decentralized exchanges. It allows users to trade any ERC-20 token without a central intermediary. Launched in November 2018, Uniswapis based on the Ethereum platform and takes advantage of its smart contracts, which carry out actions automatically once certain criteria are met. Since the protocol is freely available, anyone can use it to start new markets or participate in existing ones. The Uniswap protocol relies fundamentally on an AMM structure to facilitate trades. Instead of an order book, this model uses a mathematical algorithm to establish the value of tokens. Traders who contribute liquidity to the protocol do so by placing an equal number of two tokens into a liquidity pool, from which they receive liquidity pool tokens representing a proportional allocation of the pool's total value. In exchange for trading or holding these tokens, users gain access to a proportion of the protocol's transaction fees. 5. Maker Using the Ethereum blockchain, Maker (MKR) operates as a DAO to oversee the Maker Protocol. Dai is a stablecoin whose value is pegged to the US dollar, and it can be created on the Maker protocol, a decentralized lending platform. Using the Maker Protocol, borrowers can secure Ethereum as collateral and borrow Dai at a predetermined collateralization ratio. The system is set up to keep the value of a Dai at 1 USD at all times. MKR is the Maker protocol's token of governance. Holders of MKR can vote on proposed amendments to the protocol, such as the addition or deletion of collateral types and adjustments to the risk parameters. When the collateral value drops below the required collateralization ratio, auctions of unsecured debt are triggered, and MKR holders must participate in keeping the system stable. One of its most notable features is the Maker protocol's flexibility in accepting cryptocurrency, fiat currency, and even other stablecoins as collateral. This ensures that there are no central points of failure in the protocol and that it can continue to operate independently. All transactions and balances in Maker are public and auditable via the blockchain, adding to the protocol's credibility. 6. Yearn Finance Yearn Finance is a DeFi yield farming platform focused on helping its users maximize their cryptocurrency investment returns. Yearn Finance allows owners of ERC20 tokens to either lend out their tokens at potentially high-interest rates or stake them on the blockchain of a given project in exchange for rewards. The Yearn Finance token (YFI) is an ERC20 token unique to the platform. Its primary function is a governance token that entitles token holders to a say in which future projects the platform will support. YFI token holders are also eligible for a cut of the company's profits. A portion of the fees paid by Yean Finance users is allocated to managing the investments delivered to YFI token holders. 7. Dash 2 Trade Dash2Trade, a novel social trading and analytics tool, is another ERC20 token that deserves your attention. Its goal is to arm users with all the data they need to make educated decisions in the cryptocurrency market. Social trading, listing alerts, market news, on-chain analytics, and automated trading tools are just some of the platform's many features. Dash2Trade's native D2T token is what makes the platform work. D2T uses the Ethereum blockchain and has a maximum supply of 1 billion coins. 8. Calvaria Last but not least, we have Calvaria, an innovative crypto-card game. It is the traditional play-to-earn that allows users to earn money by competing against other users. The goal is to create a game that can bridge the gap between the "real world" and the crypto world, making it fun and approachable, and accessible on iPhone, Android, and PC. $RIA will be utilized to support the entire gaming ecosystem and awarded to tournament winners. The tokens are tradable on marketplaces and can be used to purchase virtual goods such as NFT cards. Players will also be rewarded with $eRIA (earned ria) tokens for their time and effort in the game. The $eRIA token will have utility and value in and out of the crypto community. Final Takeaway Investing in ERC20 tokens can be smart for those looking to diversify their cryptocurrency portfolios. With the wide range of benefits, the Ethereum blockchain offers, it's no surprise that many projects choose to release their tokens on this platform. The top 8 ERC20 tokens mentioned in the article offer unique features and growth potential, so diversify your portfolio and maximize your returns in the long term. To purchase DigiToads visit: https://digitoads.worldTo purchase the other tokens on this list head over to eToro or any major crypto exchange Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

Investors are on the hunt for the best cryptocurrencies to invest in for 2023, and three standouts are Collateral Network (COLT), Helium (HNT), and Tron (TRX). Among them, Collateral Network (COLT) is a game-changer in the world of crowd-lending. Collateral Network (COLT) facilitates lending against assets like real estate and luxury goods, offering investors a unique opportunity to diversify their portfolio. Industry experts predict that the value of Collateral Network (COLT) tokens will surge by more than 3500% over the next six months, reaching $0.35, making Collateral Network (COLT) a highly attractive investment prospect for those seeking impressive returns. >>BUY COLT TOKENS NOW>BUY COLT TOKENS NOW<< Tron (TRX) Tron (TRX) is a decentralized virtual machine that allows developers of decentralized apps (dApps) to construct and use complicated protocols using smart contracts in the native blockchain. Tron (TRX) is a trailblazer and pacesetter of the decentralized internet and is also noted for its lightning-fast transaction rates. Tron (TRX) turned into a fully decentralized DAO in December 2021. Its goal is to make the internet available to everyone. The decentralized network and encryption of Tron (TRX) make it one of the safest public chain systems. Even though the cryptocurrency market has been crazy lately, the ecosystem of Tron (TRX) had 46.6 million transactions and more than 1 million new accounts in a week. After a drop caused by the USDC de-pegging news, the total value of smart contracts went back up to $11 billion. Find out more about the Collateral Network presale here: Website: https://www.collateralnetwork.io/ Presale: https://app.collateralnetwork.io/register Telegram: https://t.me/collateralnwk Twitter: https://twitter.com/Collateralnwk Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

The metaverse team at Disney has been laid off as a part of its company-wide staff reduction. What Is Happening To Metaverse Projects? Is the metaverse dream crashing? After Meta shelving its NFT project, Disney has been the next to cull its metaverse plans. According to the latest reports, the entertainment giant recently terminated 50 people who comprised its metaverse team in what the company is calling an attempt to control costs. CEO Bob Iger has called for the need for a streamlined business, and the company is in the process of laying off over 7,000 staff members from its entire roster as a part of this initiative. It looks like the metaverse team was just part of the casualties. It is clear that even Disney is not shielded from the economic downturn impacting large companies and has been forced to rethink expensive dream projects which are not bringing in any immediate revenue. Disney's Web3 Initiatives However, letting go of the metaverse team might indicate an issue deeper than the need to &ldquo;streamline&rdquo; business operations. It is clear that the company is questioning the continued value of Web3. The conglomerate had jumped on the Web3 bandwagon, much like all other major entertainment companies. Even though 2022 was a tough year for crypto, that was the year Disney chose to embark on its metaverse journey. The company started off by selecting Polygon as its blockchain partner. It also underwent rampant resource deployment for Web3 and started hiring initiatives for several positions; one of these include an in-house legal counseling position involving NFTs, blockchain, metaverse, and DeFi. Metaverse Shelved With Leadership Changes In February 2022, the former CEO of Disney, Bob Chapek, brought Mike White, who used to be the SVP of consumer experiences and platforms, to head the metaverse division. White was charged with spearheading Disney&rsquo;s Web3 expansion by developing interactive storytelling using Disney&rsquo;s extensive library of intellectual property. Soon after, in November 2022, Iger took over the company&rsquo;s leadership from Chapek and, despite recent developments, appeared quite bullish on the metaverse. However, last month the company announced that budget cuts for around $5.5 billion would soon be happening in the company, which would mean eliminating around 7000 jobs as a part of a broader restructuring. The entire metaverse team, other than White, has been let go, according to reports. Although White has retained his job, it is uncertain what his new position at the company is going to be. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

KuCoin Labs and VAIOT, a blockchain and AI-powered services business, jointly launched a think tank Tuesday to foster crypto regulation informed by the perspectives of industry experts. Regulated since September 2020 under strict Maltese legal scrutiny and with oversight exercised by leading accounting and advisory firm Grant Thornton, VAIOT hopes to position its new Digital Assets Regulation Institute (DARI) at the forefront of establishing regulatory clarity in an industry that simply hasn&rsquo;t been able to work with regulators effectively enough. DARI will gather relevant stakeholders, ranging from regulated companies and projects seeking regulation to consulting firms, financial and security auditors, accounting companies, law firms, and VCs, to conduct research and produce reports that will inform government policy across the globe. &ldquo;No one cares about regulation during a bull run when money is being tossed around and investors are making massive gains,&rdquo; said Pawel Andruszkiewicz, COO of VAIOT and President of DARI. &ldquo;It&rsquo;s when everything crashed and burned a few months ago that people came to understand the value of companies, like VAIOT, that comply with stringent regulations. It&rsquo;s our goal at DARI to ensure effective regulation is at the forefront of the way we think about this industry going forward.&rdquo; The launch comes on the heels of the U.S. Commodity Futures Trading Commission (CFTC) having filed a lawsuit against crypto exchange Binance and founder Changpeng Zhao Monday on allegations the company knowingly offered unregistered crypto derivatives products in the U.S. against federal law. The CFTC&rsquo;s lawsuit against the world&rsquo;s largest crypto exchange is only the latest in a string of actions taken by U.S. regulators against large crypto companies in an uncertain regulatory environment. The collapse of FTX&mdash;the former symbol of legitimacy in digital assets&mdash;stalled the advancement of coherent U.S. crypto regulation because Sam Bankman-Fried, the disgraced former CEO of the company, had been involved in working with regulators to craft new rules behind the scenes. &ldquo;We&rsquo;ve been hearing about governments working on regulation for digital assets for years now,&rdquo; said Wayne Pisani, Partner and Head of Tax, Regulatory and Compliance at Grant Thornton. &ldquo;But part of the problem is it&rsquo;s being developed behind the scenes. Effective regulation requires bottom-up initiative, where companies and entities working within regulatory frameworks can share their opinions and expertise with regulators in a public manner. That&rsquo;s what DARI is aiming to bring to the industry.&rdquo; DARI is also supported by members of Grant Thornton Malta&rsquo;s tax, regulatory, and compliance practice. KuCoin Labs, the investment and research firm spun out of crypto exchange KuCoin, brings to DARI significant experience in research and incubation of Web3 projects based on a strict selection criteria and vetting process. KuCoin Labs is known for gathering both internal and external leading market experts from different project development segments. &ldquo;It is particularly crucial to join as strong an industry force as possible to ensure an optimal development condition for future crypto builders and users,&rdquo; said Lou YU, Head of KuCoin Labs, and vice-president to DARI. &ldquo;We hope to create regulatory synergies among countries and markets, shouldering the fundamental ideologies of crypto but also making them relevant and tangible to all participants. DARI will put efforts into the submission of an official proposal to the European Commission, and is enthusiastic about engaging in regulatory hearings with the relevant European institutions.&rdquo; Projects seeking to be regulated will be able to participate in consultation and incubation with DARI&rsquo;s institutional partners, and the institutional partners will act as consultants for the think tank. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

A judge has recently passed a ruling to temporarily halt the sale of the Voyager Digital company and its assets to the crypto exchange, Binance.US. Federal Judge Halts Voyager Acquisition Judge Jennifer Rearden of the U.S. District Court in New York granted the request of the United States government for an emergency stay when she temporarily halted the $1 billion sale of the bankrupt Voyager Digital to Binance.US. Her ruling granting the request stated, &ldquo;Upon consideration of all parties&rsquo; written submissions, as well as the conferences and oral argument held in this matter, the Government&rsquo;s emergency motion is hereby GRANTED.&rdquo; The order passed by the Federal Judge will put a pause on the potential deal between Voyager Digital and Binance.US, which will need to wait till a decision is made on the Department of Justice&rsquo;s appeal against the bankruptcy plan. The other alternative route for the acquisition to go through is to appeal to a higher court and get a ruling trumping that of the Federal Judge. DoJ Requested Emergency Stay The appeal for an emergency stay on the sale was filed by the DoJ on March 17 and was immediately challenged by Voyager Digital and the Official Committee of Unsecured Creditors on March 20. The DoJ responded to that in a final &ldquo;reply&rdquo; motion on March 21 and was granted its request by the Federal Judge on March 27. In response, the Voyager Official Committee of Unsecured Creditors tweeted, &ldquo;The Committee is still analyzing the situation and awaiting the district court's forthcoming written opinion. We will continue to aggressively oppose the Government&rsquo;s efforts and will provide further updates as they become available.&rdquo; Voyager&rsquo;s Bankruptcy Journey The federal judge will soon release a statement to highlight the situation more. Voyager Digital was one of the many other crypto companies that fell under the curse of the 2022 bear market and declared Chapter 11 bankruptcy on July 5. The defunct-crypto exchange has been focusing on developing a plan to redistribute funds ever since, and the Binance.US deal was struck as a result of that. Binance.US, a separate entity from the Binance crypto exchange, received approval from Judge Michael Wiles on March 7 to acquire Voyager assets. The approval ruling also mandated the issuance of bankruptcy tokens to impacted Voyager customers. Regulators Opposing Acquisition However, since the approval went through, the acquisition process has received pushback from more than one U.S. regulatory body. Other than the Department of Justice, the U.S. Securities and Exchange Commission also passed a motion on March 15, in which it argued that the acquisition of Voyager Digital by Binance.US would lead to an increase in fraud, theft, and tax evasion. Judge Wiles successfully squashed this claim. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

XRP is topping the crypto charts outperforming all other major cryptocurrencies. The price finally hit its very bullish target of $0.50 while the rest of the market takes a tumble in response to the CFTC&rsquo;s lawsuit against the CEO of Binance. XRP is trading at its highest level in the past five months despite the crypto market taking a knock in response to a lawsuit filed by the Commodity Futures Trading Commission (CFTC) against Changpeng Zhao, the CEO of crypto exchange Binance. The CFTC has accused Zhao of insider trading and evading KYC regulations. Zhao responded to the allegations by calling the suit &ldquo;unexpected and disappointing&rdquo; and denied any wrongdoing on his or Binance&rsquo;s part. At the time of writing, XRP was trading at $0.50, according to data from CoinMarketCap, representing a 25% rise over the past week. Popular crypto influencer David Gokhshtein was one of the first to notice XRP&rsquo;s breakout, tweeting: The entire market dumped on the news except for $XRP. &mdash; David Gokhshtein &reg;️ (@davidgokhshtein) March 27, 2023 Cointelegraph reports that XRP whales have been steadily accumulating since February as only days remain until the SEC vs Ripple lawsuit could produce an outcome. Crypto lawyer John Deaton took to Twitter to share his take on the controversial lawsuit. Deaton opined that XRP has by far the most attractive risk-to-reward ratio. XRP has the most attractive risk/reward ratio IMO. The Judge&rsquo;s ruling is coming down w/in the next few weeks (maybe this week). If the SEC wins, what&rsquo;s the downside from .45? Ripple appeals and we get the status quo. Ripple wins and its made clear XRP isn&rsquo;t a security? Upside?

Experienced investors know that buying in early on projects that show extreme growth potential and solid fundamentals is the way to go for long-term profits. For this reason, Orbeon Protocol (ORBN), a Stage 11 presale project, has caught the attention of investors as analysts predict a 6000% price surge in the next coming days. Although […]

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The crypto market has had its fair share of ups and downs, but 2023 is witnessing a remarkable surge in new forces awaking such as TMS Network (TMSN). In fact, $TMSN is currently outperforming well-established tokens like Monero (XMR) and Cronos (CRO), leading to breathtaking gains. So, is there something wrong with investing in Monero […]

The Federal Deposit Insurance Corp. also acquired equity appreciation rights in the parent of First Citizens Bank, which is potentially worth up to $500 million.